North Dakota Real Estate Exam (State
Test) Questions and Answers 100%
Pass
The Real Estate Commission consists of how many members? - ✔✔5
How many of the commissions members must be active brokers - ✔✔3
The governor appoints a commissions member for a term of how many years? - ✔✔5
Terms must be staggered so the term of one member expires each year (T/F) - ✔✔True
The commission may submit a report to the governor and secretary of state how often? -
✔✔Biennial
The commission shall maintain all files, records, and property of the commission at the
office of the: - ✔✔Executive Director
Members of the commission receive how much compensation per day actively engaged
in the service? - ✔✔Fifty Dollars
All moneys or fees collected or received from the commission must be deposited and
disbursed in accordance with which section? - ✔✔54-44-12
Katelyn Whitman, All Rights Reserved © 2025 1
, No company, LLC, association, etc. may hold a real estate license unless at least how
many partners hold are actively engaged as a real estate agent / or hold a brokerage
license? - ✔✔One person
means a licensee appointed by a designated broker of the
licensee's real estate brokerage firm to act solely for a client of that brokerage firm to the
exclusion of other licensees of that brokerage firm - ✔✔Appointed agent
means a person that has entered a written agency agreement with a real estate
brokerage firm. - ✔✔Client
means a buyer, prospective buyer, seller, lessee, or lessor that is not represented by that
real estate brokerage firm in a real property transaction. - ✔✔Customer
means a licensee designated by a real estate brokerage firm to act on behalf of the
brokerage firm. - ✔✔Designated Broker
means a situation in which a real estate brokerage firm or the real estate brokerage
firm's licensees owe a duty to more than one party in a real estate transaction. - ✔✔Dual
Agency
"Dual agency" does not exist unless both the seller and the buyer in a real estate
transaction have written agency agreements with the same real estate brokerage firm.
(T/F) - ✔✔True
Katelyn Whitman, All Rights Reserved © 2025 2
Test) Questions and Answers 100%
Pass
The Real Estate Commission consists of how many members? - ✔✔5
How many of the commissions members must be active brokers - ✔✔3
The governor appoints a commissions member for a term of how many years? - ✔✔5
Terms must be staggered so the term of one member expires each year (T/F) - ✔✔True
The commission may submit a report to the governor and secretary of state how often? -
✔✔Biennial
The commission shall maintain all files, records, and property of the commission at the
office of the: - ✔✔Executive Director
Members of the commission receive how much compensation per day actively engaged
in the service? - ✔✔Fifty Dollars
All moneys or fees collected or received from the commission must be deposited and
disbursed in accordance with which section? - ✔✔54-44-12
Katelyn Whitman, All Rights Reserved © 2025 1
, No company, LLC, association, etc. may hold a real estate license unless at least how
many partners hold are actively engaged as a real estate agent / or hold a brokerage
license? - ✔✔One person
means a licensee appointed by a designated broker of the
licensee's real estate brokerage firm to act solely for a client of that brokerage firm to the
exclusion of other licensees of that brokerage firm - ✔✔Appointed agent
means a person that has entered a written agency agreement with a real estate
brokerage firm. - ✔✔Client
means a buyer, prospective buyer, seller, lessee, or lessor that is not represented by that
real estate brokerage firm in a real property transaction. - ✔✔Customer
means a licensee designated by a real estate brokerage firm to act on behalf of the
brokerage firm. - ✔✔Designated Broker
means a situation in which a real estate brokerage firm or the real estate brokerage
firm's licensees owe a duty to more than one party in a real estate transaction. - ✔✔Dual
Agency
"Dual agency" does not exist unless both the seller and the buyer in a real estate
transaction have written agency agreements with the same real estate brokerage firm.
(T/F) - ✔✔True
Katelyn Whitman, All Rights Reserved © 2025 2
